Wu said that, according to TheMinerMag, Northern Data, headquartered in Germany, is considering divesting its Bitcoin mining subsidiary to transition to a pure AI strategy. On Monday, Northern Data announced that it has initiated "negotiations with relevant parties regarding the potential divestment of its cryptocurrency mining business, Peak Mining." In a subsequent announcement, the company stated that the potential proceeds from this sale would be invested in acquiring more data centers, purchasing GPUs, and developing its AI product platform.